By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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Key takeaways from Deliveroo’s Doordash deal

May 6, 2025

Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
Government signs landmark billion-pound trade deal with India

May 6, 2025

Billions of pounds in extra trade could soon flow between India and the UK after the two nations signed a landmark free trade agreement, ending years of protracted negotiations. The deal, which the UK government said was the most “economically significant” free trade agreement signed since Brexit and the “best deal India has ever agreed”, [...]
Brighton Pier Group joins JP Jenkins after quitting AIM

May 6, 2025

Brighton Pier Group has become the latest business to join liquidity venue JP Jenkins after quitting the AIM stock market. The company, which owns Brighton Palace Pier, the Lightwater Valley Family Adventure Park and a group of bars and mini-golf sites, unveiled its plans to exit AIM in early April, after complaining of high costs, [...]
Deliveroo reaches agreement on £2.9bn DoorDash takeover

May 6, 2025

The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Construction firm insolvencies jump to fresh high amid rising costs

May 5, 2025

Construction business insolvencies have increased to their highest-ever level, a City AM analysis has found, as a barrage of rising costs continues to squeeze many in the sector to the point of collapse. As many as 840 construction firms appointed liquidators or administrators in the first four months of the year, the analysis of corporate [...]
Lights, camera, taxes: British film industry rattled by latest Trump tariff threat

May 5, 2025

British media execs have been put on edge after Donald Trump took aim at foreign filmmakers in his latest tariff frenzy. In a brash social media post, the US president accused countries of a “concerted effort” to lure talent away from Hollywood in what he called a “national security threat” and vowed to impose tariffs [...]
Live results: Reform takes ten county councils in local elections landslide

May 2, 2025

Reform is set to pick up hundreds of council seats around the country both from the Conservatives and Labour, in a significant electoral breakthrough. So far, the party has gained more than 500 seats, with the vast majority still to be counted and formally announced. In a major coup for Reform, it has taken control [...]
Healthcare firm Totally weighs sale as it faces eight-figure medical negligence claim

May 1, 2025

Totally is exploring a sale of one or more of its subsidiaries to shore up its balance sheet after the firm revealed it faces an eight-figure medical negligence claim. The Derby-based business is to undertake a “strategic review” under which it will consider “selling one or more of the company’s subsidiaries”, “receiving strategic investment or [...]
Force ISA savers to invest more in UK equities, Peel Hunt says

May 1, 2025

ISA rules should be rewritten to force savers to invest into UK equities, a leading City investment bank has argued, claiming the move would be vital to rejuvenate London’s ailing capital markets. The cap on cash ISAs should be slashed from £20k to £5k to promote a transfer of savings into shares, according to a [...]
Argo Blockchain shares tumble as it prepares to suspend trading amid widening losses

April 30, 2025

Argo Blockchain has seen its stock tumble as it prepares to suspend trading of its shares over issues with its accounts as it posted widening losses. The crypto miner’s shares fell as much as 25 per cent as it conceded it had failed to finalise its accounts by the deadline required by London listing rules, [...]

Starmer future speculation sparks sell-off in long-dated bonds and pound

Great Britain bid to bag $2m at Davis Cup continues

Arcadia at the Old Vic is a brilliant farewell to Tom Stoppard

By: Simon Hunt

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